The February CPI report suggested very limited inflation pressure in the system along a number of fronts. Overall, prices were unchanged in the month and compared to expectations of a 0.1% rise and a ...

The U.S. consumer price inflation report surprised to the down side, with headline inflation remaining unchanged (up 0.002% M/M at 3 decimal places) in February, and the pace of annual consumer price ...

February producer prices came in weaker than expected dropping 0.6% in the month. Expectations had been for a decline but by a more moderate 0.2%. On a year-over-year basis, prices are still rising by...

Housing starts fell to an annual pace of 575K in February which beat the consensus forecast though it was a 5.9% decline from January's level. While an upward revision to January's data caused the dec...

Housing starts fell 5.9 percent in February as another huge decline in multi-family starts overwhelmed a slight drop in single-family home construction. Starts of apartments and condominiums have been...

Housing starts dropped 5.9% to an annualized 575,000 from a revised 611,000 in January (earlier reported at 591,000). Expectations were for starts to come in at 570,000 units. Permits continued to slo...

US Industrial Production for the month of February surprised on the upside as we forecasted and came out at 0.1% (Saxo Bank 0.3%) vs. flat (0.0%) expectations. From the report; “The production of cons...

U.S. industrial production rose 0.1% in February, beating market expectations for a flat reading. The increase follows the growth of 0.9% seen in January and continues a string of eight-straight month...

Retail spending in the U.S. in February rose by 0.3%, exceeding market expectations for a decline of 0.2%. The increase was somewhat dampened by January’s gain being revised down to 0.1% from 0.5%. Ex...

The number of Americans filing for unemployment benefits declined by 6K to 462K for the week ending March 6th. It was the second weekly drop in a row and can be a sign that the climb in weekly claims ...

The U.S. trade deficit decreased to -$37.3 billion in January, well above market expectations for an increase to -$41.0 billion. December’s deficit was revised to -$39.9 billion from an initially repo...

The U.S. labor market dodged a big fat snowball in February, managing to lose only 36K jobs despite a string of major snowstorms that blanketed the nation. When combined with an upward revision of 35K...

The February labour market report provided somewhat better than expected news. Job losses continued during February, but the decline was 36,000, which was less than the median expectation of a 50,000 ...

The ISM non-manufacturing index remained in expansionary territory in February, rising to 53.0, remaining in expansionary territory for the second-consecutive month following the 50.5 reading reported...

The ISM non-manufacturing survey posted a 2.5 point gain to reach 53.0, the highest since October 2007. The underlying details are more clouded - activity and orders are up, but so are prices, and job...

The pace of U.S. manufacturing sector growth eased somewhat in February, with the ISM manufacturing index falling to 56.5 from 58.4. This was well shy of the market consensus for a more modest decline...

U.S. consumer spending advanced by 0.5% M/M in January, following the 0.3% M/M gain the prior month (originally reported as 0.2% M/M), representing the fourth consecutive monthly advance. The January ...

Personal consumer expenditure (PCE) rose 0.5% in January 2010 following December 2009’s 0.3% gain (initially reported as 0.2%). The rise in spending in the month was slightly above market expectations...

After struggling for most of 2009, the Canadian economy came roaring back at the end of the year with fourth-quarter growth rising an annualized 5.0%. Going into the report, expectations had been for ...

Durable goods orders rose by a whopping 3.0% M/M in January, following the upwardly revised 1.9% M/M (previously reported as +0.3% M/M) gain in December. The advance in new orders was twice the market...

Strength in today's report was largely concentrated in a surge in transportation equipment orders (15.6%) in January that was largely driven by an outsized 126% gain in the volatile non-defence aircra...

Consumer confidence fell by the largest amount since last February. Consumers remain concerned about the present situation of the economy as well as the outlook for future growth. We expect modest gai...

Consumer prices rose 0.2% in January, equalling the increases in December and November. Market expectations going into the report had been for a slightly larger 0.3% rise. Core prices surprisingly fel...

The improvement in the current activity index reinforces the notion that conditions for manufacturing activity continue to improve. The new orders index jumped nearly 20 points, signaling a pick up in...

The PPI for total finished goods rose 1.4 percent in January, fueled by an increase in gasoline prices, which rose 11.5 percent on the month. Prescription drug prices rose 1.3 percent. Food prices con...

Housing starts activity started 2010 on a firm note, rising 2.8% to an annualized 591,000 from a revised 575,000 in December. The December level was earlier reported at 557,000. Expectations were for ...

Housing starts in the US rose in January to a better than expected 591K annual rate, a sign that the housing market is stabilizing. New construction were up 2.8% and the figure for December was revise...

U.S. retail sales rose by a better than expected 0.5% M/M in January, following the 0.1% M/M decline in December (upwardly revised from -0.3% M/M). The advance in sale was ahead of the more modest 0.3...

Retail spending in January rose by 0.5%, beating market forecasts for a 0.3% gain. December's decline was revised to -0.1% from -0.3%, and November's increase was boosted to 2.0% from 1.8%. Excluding ...

The U.S. trade deficit increased to -$40.2 billion in December, contrary to market expectations for narrowing to -$35.8 billion. November's deficit was an unrevised -$36.4 billion. Exports rose by 3.3...

The trade deficit widened to a 12-month high of $40.2 billion in December as imports climbed by $8.4 billion. The $3.6 billion increase in oil imports helped to inflate the overall import figure. Howe...

The January labour market report provided a mixed picture going into 2010. Disappointingly, job declines continued into January falling 20,000 in the month with the drop in December deepened to 150,00...

In January, the ISM Non-Manufacturing Index rose to 50.5 following December's 49.8 reading. Expectations within financial markets were for a somewhat stronger gain to 51.0. New orders increased to 54....

The composite index of the service sector signaled expansion following two months of slight contraction, a slow move in the right direction. Orders posted solid growth, but export orders continued to ...

The ADP Employment Report, an important precursor to Friday’s much-followed Nonfarm Payroll estimate, showed that the private sector in the US lost 22,000 jobs in January. However, the rate of jobs lo...

The ISM Manufacturing index soared to 58.4 in January versus expectations of a 55.5 reading. This represents a significant improvement from December’s 54.9 (revised from 55.9). New orders inched up to...

Personal consumer expenditure (PCE) in December rose a modest 0.2% in the month. This was slightly below expectations of a 0.3% rise in the month and down from a 0.7% jump in November (upwardly revise...

U.S. consumer spending advanced by 0.2% M/M in December, following the 0.7% M/M gain the prior month (originally reported as 0.5% M/M), which was revised higher due to stronger November retail sales d...

Income managed its sixth consecutive increase despite the labor market’s continued weakness. Gains were broad based with employment and non-employment based income rising. Real consumption rose for th...

4Q09 GDP expanded +5.7% qoq (annualized) , compared with market expectation of +4.7%, from +2.25 in the previous quarter. The growth was the strongest since 3Q03 and was mainly driven by inventories w...

U.S. headline new durable goods orders rose by a meagre 0.3% M/M in December, following the 2.1% M/M advance the month before. The increase in orders, however, was much worse than the market consensus...

New home sales for December in the United States declined 7.6% month-over-month to 342,000 annualized units. Tempering the bad news was the upward revision to November to 370,000 from the initially re...

Sales dropped another 7.6 percent in December after a 9.3 percent decline in November. The originally scheduled expiration of the first-time homebuyer tax credit likely pulled forward transactions tha...

The Consumer Confidence Index rose 2.3 points in January and the December report was slightly better than previously reported. Consumers expressed more optimism about both the present economic situati...

Consumer confidence rose to 55.9 in January surpassing expectations of a 53.5 reading. The prior month’s reading was revised up to 53.6 from the initially reported 52.9. The labour market differential...

Existing home sales in the United States declined 16.7% month-over-month in December to 5.45 million annualized units. The prior month’s 6.54 million figure remained unrevised. Home prices, however, r...

Sales plunged in December as the originally scheduled expiration of the first-time homebuyer tax credit caused sales to be pulled forward into November. With the extension and expansion of the tax-cre...

Housing starts fell 4.0% to an annualized 557,000 in December from a revised 580,000 in November and from an earlier estimate of 574,000. Expectations were for starts to come in at 575,000 units. Perm...

After a 6.9 percent jump in November, wholesale energy prices slipped 0.4 percent in December helping to restrain the PPI. Upward movement, however, was seen in food and consumer goods. It appears the...

Starts dropped 4.0 percent in December as a 6.9 percent drop in single-family activity swamped gains in the multi-family sector. While starts registered another weak month, they remain within a range ...